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US Congress

Posted by DonMc • 9/29/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: political reviews

Its Monday and Rome is Burning
Filed Under (Financial) by admin on 09-29-2008

The stock market is crashing and so the House of Representatives failed to vote yes on a financial package today. What does that mean for you and I as a small business. Well we are one step closer to a financial distruction in the country thanks to the inadequate leadership of the congress. While the very foundation of success for all of us depends on this package congress takes it’s time arguing and pointing fingers. Comments suggesting the no vote was because of the House Speakers speech today borders on the insane.

It is becoming clear that the congress does not have a whole lot of concern for us. All we have seen on the news today is both parties blaiming each other for whats going on. The next thing we will probably hear is that they will take their jewish holiday and let the rest of us watch our investment go down the tube.

My recommendation is to send a message to all these so called political leaders who have so badly dropped the ball by voting these folks out of our lives in November. Call or email your congressman now before it becomes to late.

The Business Mole

User Comments

9/29/08

drjay1966

"The next thing we will probably hear is that they will take their jewish holiday and let the rest of us watch our investment go down the tube."

Funny, I wasn't aware that congress was Jewish....
Then, I don't think they're aware of it, either....

[reply]
1. 9/29/08
  
  DonMc
  
  Well you know any excuse not to deal with the country's problems.
9/29/08

ModelElaine

I am just hoping they would do something. I think it's more about the presidential campaign and is a set up of some sort

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1. 9/29/08
  
  DonMc
  
  The only way they will come up with a solution is if we send enough messages to our congress members that we want solutions not another debate.
9/29/08

rajf9598

Kind of stuck on this one, see on one hand you have all of the companies that gave out unqualified loans but at the same time you have the people who took the loans. Both knew they weren't going to be able to make good. Housing prices went through the roof then crashed. A vast majority of the loans were defaulted now congress is going to wait forever to vote on the package for two reasons, one its not really a quick fix this is going to take some time to get out from under and second and more importantly the lobbyist don't want a vote. The lobbyist are still making tons of money while this goes on, the longer it goes the higher their profits. Congressmen listen to their lobbyist not the people who elected them, it's where the money comes from. The only way to make a change isn't contacting them, they don't care, in order to affect a change you need to make a change they all need to be voted out.

[reply]
1. 9/29/08
  
  DonMc
  
  I think you probably have the right message. The recent actions of the congress does indicate they are really not to interested in all of us. The House of Representatives today not only voted no but decided to take a vacation until Thursday. Unreal!! So Maybe in the longer term the only sound strategy is to clean house in November.
  
  The Business Mole
2. 9/29/08
  
  MadameX
  
  I haven't heard that they're taking a "vacation" until Thursday, but here's a radical thought: maybe they want to go behind closed doors and iron out some of their differences and meet in smaller groups and offer compromises and try to get to something they CAN agree on without the world watching, since every time they encounter an obstacle in public, the stock market goes crashing further down.
9/29/08

MadameX

DonMc, this strikes me as kind of silly. You want a "solution" instead of "debate"? How do you think that several hundred people with significantly opposing views ARRIVE at a solution?

[reply]
1. 9/29/08
  
  DonMc
  
  Yes we need debate but when you look at the debate in congress this morning it was all about who is at fault rather then finding a solution. I also think at some point we need to get beyond the debate an on to getting to the solution. Several months ago the congress was told that we were headed toward this disaster in the making. Now we are there. The biggest drop in US history on today's market. Our country's financial backbone is breaking. Take a look tomorrow and you will see a continuing crash in our markets. If it goes up I'll send you some flowers. I hope you're right that House members will stay in Washington and come up with a plan. If the analyst are correct we are days or at the very most weeks before a major meltdown. Our small business is already taking a hit as are many across the country. For the first time running a small business I'm feeling some genuine fear about the future.
  
  Thanks for the post and engaging.
  
  The Business Mole
2/26/09

DonMc

Well the election is over and the stimulus package has been adopted. I wonder how long it is going to take for some of the benefits to trickle down to the small business. My initial take is if the banks can loosen up credit a little, restore some confidence within the investment market, and we can stop the bleeding in the mortgage market we should see at least a little upswing in our business.

DonMc

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